The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Vascular Stent Global Market Report 2024, the vascular stent market is expected to show promising growth in the forecast period.

Market Growth Dynamics

• Rapid growth in recent years
• Projected increase from $14.74 billion in 2023 to $16.26 billion in 2024
• Compound Annual Growth Rate (CAGR) of 10.3% attributed to:
  • Clinical research and development
  • Introduction of drug-eluting stents (DES)
  • Introduction of balloon angioplasty
  • Early stent innovations
  • Physician training and skill development

Forecasted Growth and Drivers

• Expected to reach $23.61 billion in 2028 with a CAGR of 9.8%
• Growth in the forecast period attributed to:
  • Focus on preventive cardiovascular care
  • Shift towards outpatient procedures
  • Cost-effectiveness and value-based healthcare
  • Bioabsorbable stents and next-generation materials
  • Expansion of endovascular interventions

Navigating Cardiovascular Health Surge in Vascular Diseases

• Rise in incidence of vascular diseases propels market growth
• Vascular stents aid in treatment of cardiovascular diseases
• In the US, about 1 in every 5 deaths in 2021 attributed to heart disease
• Major companies in the market include Medtronic PLC, Abbott Laboratories, Boston Scientific Corporation, and others

Translumina’s Vivo ISAR Sets the Pace

• Technological advancements key trend in the market
• Companies investing in bio-sensing devices and drug-eluting coronary stent systems
• Example: Translumina launched VIVO ISAR, a dual drug polymer-free coated stent (DDCS) with superior safety profile and drug release kinetics

Philips Broadens Vascular Solutions Portfolio Through Acquisition

• Philips acquires Vesper Medical Inc. in 2021
• Acquisition aims to innovate patient treatment with advanced venous stent for deep venous disease
• Vesper Medical Inc. develops minimally invasive peripheral vascular devices

Market Segmentation

1. By Product:
   • Coronary Stents
   • Peripheral Vascular Stents
   • EVAR Stent Grafts
2. By Type:
   • Bare Metal Stent
   • Bio-engineered Stent
   • Bioresorbable Vascular Scaffold
   • Drug Eluting Stent
   • Dual Therapy Stent
3. By Material:
   • Metallic Stents
   • Cobalt-Chromium
   • Platinum Chromium
   • Nickel Titanium
   • Stainless Steel
   • Polymer Stents
4. By Mode of Delivery:
   • Balloon-expandable Stent
   • Self-expanding Stent
5. By End-user:
   • Ambulatory Surgical Center
   • Cardiac Center
   • Hospital

Regional Insights

• North America was the largest region in the vascular stent market in 2023

In conclusion, the vascular stent market demonstrates substantial growth potential driven by technological advancements, increasing incidence of vascular diseases, and strategic acquisitions. As companies innovate and expand their product portfolios, the market is poised for further growth and development, offering advanced solutions for cardiovascular care worldwide.

View More On The Vascular Stent Market Report 2024 – https://www.thebusinessresearchcompany.com/report/vascular-stent-global-market-report

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